America Abbai Newsletter 8/23/24

Stock Markets as of 8/23/24 4:30 CST

S&P 500
5,634.61 (+1.15%)

Dow 30
41,175.08 (+1.14%)

Nasdaq
17,877.79 (+1.47%)

Bitcoin
64,462.18 (+6.43%)

Top News

Federal Reserve Chair Jerome Powell announced on Friday that it is time to start cutting interest rates. This statement indicates the central bank's confidence in managing inflation. The market reacted positively, reflecting the belief that the economy no longer requires restrictive policies.

As Kamala Harris gains support from Democrats and swing voters, she is challenging the notion that women and people of color cannot defeat Trump.

The White House called Prime Minister Narendra Modi's visit to Ukraine "potentially helpful" amid the ongoing conflict with Russia. This marks the first visit by an Indian leader to Ukraine since 1992, coinciding with Ukraine's recent military advancements. U.S. officials expressed hope that Modi's trip could support efforts toward a peace that aligns with President Zelensky's vision.

JanaSena chief Pawan Kalyan supported the TDP in the Andhra Pradesh elections, leading to a coalition government with the BJP and his appointment as deputy chief minister. He praised Chandra Babu Naidu's financial management skills, highlighting his ability to handle the state's debt and ensure timely salaries for employees. Pawan Kalyan also expressed a willingness to learn from Naidu's experience in governance.

Movie News

Ravi Teja, known for his fast-paced work ethic, continued shooting his film #RT75 despite sustaining an injury on set. Ignoring advice to take a break, his condition worsened, ultimately requiring surgery. After a successful procedure at Yashoda Hospital, doctors have advised him to rest for at least six weeks to fully recover.

Ram Charan's fans are frustrated by the prolonged delay of his film Game Changer, which has been under production for an extended period. Despite this, Charan has announced a new film with Buchi Babu Sana, which is currently in early pre-production.

Theatre Releases

Movie

Release Date

Maruthi Nagar Subramanyam

Aug 23rd

Demonte Colony 2

Aug 23rd

Revu

Aug 23rd

Saripodhaa Sanivaaram

Aug 29th

Streaming Dates

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